Global Prescription Drugs Market, By Type (Branded, Generic), Therapy Area (Oncology, Immunology, Ophthalmology, Respiratory, Dermatology, Gastroenterology, Urology, Gynaecology, Endocrinology, Others), Route of Administration (Oral, Topical, Parenteral, Others), End-Users (Hospitals, homecare, Speciality Centres, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy), Country (U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Prescription Drugs Market
Global prescription drugs market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market is growing at a healthy CAGR in the above-mentioned research forecast period. Emerging markets and huge investment in research and development are the factors responsible for the growth of this market.
The global prescription drugs market is majorly driven by high prevalence of chronic diseases, rich promising pipeline of drugs, high diagnostics rate and vulnerable geriatric population. In addition, launches of drugs annually and advances in pharmaceuticals and biotechnological sectors or industries are some of the impacting factors that drives the market growth. Nevertheless, limited revenue opportunities coupled with high treatment cost significantly, shortages of drugs and product recalls are some of the prominent factors that hinder the growth of this market.
Prescription drugs or medication is therapeutic drugs that can be legally given or dispensed to the patient by registered medical practitioner under the written on a prescription and cannot be obtained from the pharmacy store like over-the-counter (OTC) drugs.
Global prescription drugs market provides details of market share, new developments and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Prescription Drugs Market Scope and Market Size
Global prescription drugs market is segmented on the basis of type, therapy area, route of administration, end-users and distribution channel.
- Based on type, the global prescription drugs market is segmented into branded and generic.
- Therapy area for the global prescription drugs market is segmented into oncology, immunology, ophthalmology, respiratory, dermatology, gastroenterology, urology, gynaecology, endocrinology and others.
- The route of administration segment for global prescription drugs market is segmented into oral, topical parenteral and others.
- On the basis of end-users, the global prescription drugs market is segmented into hospitals, homecare, speciality centres and others.
- On the basis of distribution channel, the global prescription drugs market has been bifurcated into hospital pharmacy, online pharmacy and retail pharmacy.
Global Prescription Drugs Market Country Level Analysis
Global prescription drugs market is analyzed and market size information is provided by country, type, therapy area, route of administration, end-users and distribution channel as referenced above.
The countries covered in the global prescription drugs market report are U.S., Canada, Mexico in North America, Brazil, Argentina, Peru, Rest of South America, as part of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, in the Asia-Pacific, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa, as a part of Middle East and Africa.
Based on geography, North America represent high market share for global prescription drugs market due to the established regulatory framework, high demand of diseases specific treatment, rise in adoption of newer technologies, presence of refined healthcare infrastructure and increased patient awareness level as well as high prevalence of chronic diseases. Europe is considered a second largest growing regional segment owing to the presence of global marketed players in this region and surge in population. Asia Pacific leads the market due to the rise in number of generic manufacturer in this region as well as increasing disposable income.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Global prescription drugs market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analyzed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Global Prescription Drugs Market Share Analysis
Global prescription drugs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global prescription drugs market.
The major players covered in the global prescription drugs market are Johnson & Johnson Services, Inc., AbbVie Inc., Gilead Sciences, Inc, GlaxoSmithKline Plc, Bristol Myers Squibb Company, Amgen Inc., Novartis AG, Pfizer Inc., Eli Lilly and Company, Merck & Co., Inc., Sun Pharmaceutical Industries Ltd., LEO Pharma, Can Fite Biopharma, UCB S.A.; ALLERGAN; Dermira, Inc, Galectin Therapeutics Inc., Biogen; Dr. Reddy’s Laboratories Ltd., Bausch Health, LUPIN and AstraZeneca and others.
Customization Available: Global Prescription Drugs Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.